Amazon.com (NASDAQ:AMZN) had its price objective upped by Stifel Nicolaus from $175.00 to $200.00 in a report issued on Friday, Marketbeat Ratings reports. They currently have a buy rating on the e-commerce giant’s stock.
A number of other equities research analysts have also recently commented on AMZN. JMP Securities reiterated a market outperform rating and issued a $175.00 price target on shares of Amazon.com in a research note on Wednesday, November 29th. Morgan Stanley increased their target price on Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a report on Friday. TheStreet upgraded Amazon.com from a c+ rating to a b- rating in a research report on Friday, October 27th. Monness Crespi & Hardt increased their price objective on Amazon.com from $170.00 to $215.00 and gave the company a buy rating in a research note on Friday. Finally, Robert W. Baird raised their price target on Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a report on Friday. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $197.95.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a return on equity of 17.43% and a net margin of 5.29%. The company’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.21 earnings per share. As a group, equities analysts anticipate that Amazon.com will post 3.72 EPS for the current year.
Insider Buying and Selling
In related news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the transaction, the chief executive officer now owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total value of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares in the company, valued at approximately $17,960,816.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 3,120 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total value of $446,752.80. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $17,151,298.20. The disclosure for this sale can be found here. Insiders have sold a total of 61,329 shares of company stock valued at $8,807,853 over the last quarter. 12.30% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Amazon.com
A number of institutional investors have recently modified their holdings of AMZN. State Street Corp raised its position in shares of Amazon.com by 1,869.1% in the second quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after purchasing an additional 310,134,486 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Amazon.com by 1,838.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares during the period. FMR LLC boosted its position in Amazon.com by 1,792.4% during the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock worth $30,381,089,000 after buying an additional 270,931,640 shares during the period. Moneta Group Investment Advisors LLC boosted its position in Amazon.com by 120,235.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock worth $9,784,345,000 after buying an additional 116,383,502 shares during the period. Finally, Norges Bank acquired a new stake in Amazon.com during the 4th quarter worth approximately $8,263,591,000. 57.96% of the stock is owned by institutional investors.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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